Tractor Supply Company (TSCO) 2004年年度报告「NASDAQ」.pdf

1、Tractor Supply Company is the largest operator of retail farm and ranch stores in theUnited States.Our focus is on supplying the lifestyle needs of recreational farmersand ranchers,and serving the maintenance needs of those who enjoy the rurallifestyle,as well as tradesmen and small businesses.Our s

2、tores are located in townsoutlying major metropolitan markets and in rural communities.This niche uniquelypositions us to offer a wide,yet very select,assortment of products:(1)livestock andpet care products,including everything necessary for their health,growth and containment;(2)maintenance produc

3、ts for agricultural and rural use;(3)hardwareand tool products;(4)seasonal products,including lawn and garden power equipment;(5)truck,trailer and towing products;and(6)work clothing for the entire family.CORPORATE PROFILE2,000,0001,500,0001,000,0003,5003,0002,5002,0001,5001,000500500,0004,000500400

4、300200600100200020012002200320042000200120022003200420002001200220032004NETSALES(in thousands)AVERAGESALESPERSTORE(in thousands)STORECOUNTYearYearYearTO OUR SHAREHOLDERS March 2005 2004 marked yet another period of growth and financial achievement for our company.Driven by a 9.9%same-store sales inc

5、rease,combined with 53 new and 20 relocated stores,sales rose 18.1%to$1.7 billion.Accomplishments In July,we announced a long-planned CEO succession,which became effective October 1st.As expected,the transition went extremely well.Our energized and well-aligned leadership team has continued to accel

6、erate the pace of change.During the third quarter,we relocated our store support center from three buildings to a larger existing building.Concurrent with the move,we upgraded our information technology servers and increased our system capacity and redundancy.In addition,our new Georgia distribution